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Nov 21, 2012
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does go off the fiscal cliff. did ben bernanke say anything yesterday about what he could do if the u.s. goes off a cliff in january? guest: he was pretty clear that the fed is doing what it can do now. whatever damaged baby caused by the fiscal cliff, the fed is really going -- is not going to be able to offset that much. it is doing what it can now. if congress does something to make the economy worse, the fed will do whatever it can. it will not have the power to do much to offset whatever damage is done by going off the fiscal cliff. host: thanks so much for joining us this morning. guest: thank you. host: we want to play a few of ben bernanke's comments from yesterday. [video clip] >> the federal budget is on an unsustainable path. the budget deficit which peaked at about 10% of gdp in 2009 and now is 7% of gdp is expected to narrow further in the coming years as the economy continues to recover. the cbo projects that under a plausible set of assumptions, the budget deficit would still be greater than 4% of g
does go off the fiscal cliff. did ben bernanke say anything yesterday about what he could do if the u.s. goes off a cliff in january? guest: he was pretty clear that the fed is doing what it can do now. whatever damaged baby caused by the fiscal cliff, the fed is really going -- is not going to be able to offset that much. it is doing what it can now. if congress does something to make the economy worse, the fed will do whatever it can. it will not have the power to do much to offset whatever...
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Nov 22, 2012
11/12
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clearly, when you look at the fiscal condition, the consequences of going over the fiscal cliff -- republicans are going to have to abrogate that pledge. it is not conservatism bound to 35% tax rate. that is not one of the and mutable principles of american conservatism. we want taxes to be as low as they can possibly be while running a government that is not bankrupt and in structural deficit for as far as the eye can see. you will have to see republican leaders step up here and meet the president's somewhere in the middle on this to get the country's fiscal path on a path to solvency so we can start to have economic growth again in the country. >> do you want to comment a little bit about what you expect from the next six weeks? not even six weeks? however many weeks it is now between -- between now and the start of this booklet. working in the white house limits what you can say, but how you see his plan at between now and january? >> steve is exactly right, all the you are seeing a very concerted members of the house dig in on a no revenues. it is good to see many republicans saying yes. i
clearly, when you look at the fiscal condition, the consequences of going over the fiscal cliff -- republicans are going to have to abrogate that pledge. it is not conservatism bound to 35% tax rate. that is not one of the and mutable principles of american conservatism. we want taxes to be as low as they can possibly be while running a government that is not bankrupt and in structural deficit for as far as the eye can see. you will have to see republican leaders step up here and meet the...
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Nov 22, 2012
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happy thanksgiving. >>> and join meganow for more on what the fiscal cliff could mean for you, wanda summers and bob frankton. welcome to both of you. happy thanksgiving. >> happy thanksgiving. >> we had on the other day fed chairman ben bernanke who issued the dire warning to the president. i want to play what he said. here it is. >> the realization of all the tax increases and spending cuts that make up if fiscal cliff with offsetting changes would pose a substantial threat to the recovery. indeed by the reck anything of the congressional budget office, the cbo, and that of many outside observers, the fiscal shock of that size would send the economy tumbling back into recession. >> bob, do you think this is enough to scare both sides into making an agreement? when you hear ben bernanke saying this is enough to scare the economy back into a recession, like we need to go there again? >> well, i think what he's been saying, what he's saying is what a lot of people are saying. we have the stifling atmosphere in washington and we need sort of the innovative approach. for instance, if yo
happy thanksgiving. >>> and join meganow for more on what the fiscal cliff could mean for you, wanda summers and bob frankton. welcome to both of you. happy thanksgiving. >> happy thanksgiving. >> we had on the other day fed chairman ben bernanke who issued the dire warning to the president. i want to play what he said. here it is. >> the realization of all the tax increases and spending cuts that make up if fiscal cliff with offsetting changes would pose a...
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Nov 22, 2012
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friday morning, a discussion on the potential impact of fiscal cliff budget cuts on the federal work force. the future of the postal service, which has lost $16 billion in 2012. and a look at some point -- consumer confidence with danielle douglas. >> you've career officers change this army because it becomes a volunteer army. go find them in the villages and towns of america. we did that, and over five or six years we created a splendid force of young men and women who are willing to serve their country as volunteers, and they have the same tradition, culture, loyalty and dedication as any other generation of americans that have ever gone before. they proved themselves in the gulf war, the panama invasion, in the last 10 years in iraq and afghanistan. but the thing we have to keep in mind is something that president lincoln said in his second inaugural address -- care for those who have borne the battle, to care. that means never forget they are carrying the american spirit, the american traditions with them, and when they get injured, hurt, or when they come back to be reintegrated
friday morning, a discussion on the potential impact of fiscal cliff budget cuts on the federal work force. the future of the postal service, which has lost $16 billion in 2012. and a look at some point -- consumer confidence with danielle douglas. >> you've career officers change this army because it becomes a volunteer army. go find them in the villages and towns of america. we did that, and over five or six years we created a splendid force of young men and women who are willing to...
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Nov 24, 2012
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we appreciate it. >> all right, coming up on the show, the countdown to that fiscal cliff is on. so, should republicans agree to raise taxes on the wealthy just to get a deal done? >> we report, you decide. >> and then thousands take to the streets in egypt, protesting their president's power grab. and just face after president obama's administration praised him. are the policies to blame in the east. we'll talk about that coming up. >> first, check with david asman before i look at what's coming up at the top of the hour. >> good morning, from turkey to trouble. unions out in force, major strikes across america this busy holiday weekend. are their protests justified for another strike against the economy and giving thanks for handouts? one government agency promoting welfare give aways to new immigrants. can america afford this? federal workers have a message for congress when it returns to the fiscal cliff next week, layoff. they say they've already paid their debts, but have they? the cost of freedom at the top of the hour. we'll see you then. tends to . while a body in motion
we appreciate it. >> all right, coming up on the show, the countdown to that fiscal cliff is on. so, should republicans agree to raise taxes on the wealthy just to get a deal done? >> we report, you decide. >> and then thousands take to the streets in egypt, protesting their president's power grab. and just face after president obama's administration praised him. are the policies to blame in the east. we'll talk about that coming up. >> first, check with david asman...
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Nov 24, 2012
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five dollar tickets for exhibition games. >> we are six weeks from the fiscal cliff deadline. if there is no deal in this political deal. >> and a live look outside. traffic rolling into the mcarthur maze, all of them come together around there. no big incidents to report right now. we he have a few crashes in marin. another one near the 880, 980 interchange. 8:41. . >>> good morning. live look there at blue skies over oakland. calm conditions, 46 degrees outside. >> people in gaza say israel is letting up it's border restrictions as part of a cease fire but it hasn't all been smooth. >> reporter: the cease fire faced it's first major test. several hundred palestine ans approached a border . after shouting warnings to the crowd israeli troops opened fire killing one, wounding more than a dozen. israel and hamas accuse each other of violating the agreement but so far both side's have shown restraint. the top hamas leader appeared in public and even he avoided the norm allan gauge that goes with most incidents. >> our information is it's not israeli aggression. some people tried
five dollar tickets for exhibition games. >> we are six weeks from the fiscal cliff deadline. if there is no deal in this political deal. >> and a live look outside. traffic rolling into the mcarthur maze, all of them come together around there. no big incidents to report right now. we he have a few crashes in marin. another one near the 880, 980 interchange. 8:41. . >>> good morning. live look there at blue skies over oakland. calm conditions, 46 degrees outside. >>...
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Nov 24, 2012
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falling by grover norquist, talking about the so-called fiscal cliff. later, a look at u.s./china relations as china elects new leaders in its 18th national congress. >> join us tonight for the evolution of facebook. he is an engineer who advise the ceo and talks about the developments on the social media side like time line in his feet. watson added 8:00 p.m. eastern here on system. with a change in our happen anymore. >> we will align ourselves with those that are bringing about this suffering. >> the white house is a pulpit. you ought to take advantage of it. >> this is nothing short of a public health crisis. >> he told me when someone have their own agenda. >> he just got ashamed. >> i think they serve as a window on the path to what is going on with american women. >> she becomes the chief confidante. she's the only one in the world the contrast. >> many of the women who were first lady were writers, journalists. >> they are more interesting as human beings than their husbands. if only because they are not first and foremost defined and limited by political ambition. >
falling by grover norquist, talking about the so-called fiscal cliff. later, a look at u.s./china relations as china elects new leaders in its 18th national congress. >> join us tonight for the evolution of facebook. he is an engineer who advise the ceo and talks about the developments on the social media side like time line in his feet. watson added 8:00 p.m. eastern here on system. with a change in our happen anymore. >> we will align ourselves with those that are bringing about...
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Nov 24, 2012
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the fiscal cliff elapsing tax cuts. the second piece is the sequestration. $100 billion a year being sequestered from the increases in the budget. these are not cuts the way you or i think of cuts. these are budget increasing not as rapidly as the various agencies will buy them to. the $2 billion of that is out of national defense and $30 billion of that at the domestic discretionary -- $50 billion of that is out of national defense and $50 billion of that is domestic discretionary. will the republicans keep obama on a short leash and give him an allowance every month in return for better behavior or will they give him a debt ceiling that goes along time? what will happen? one option is looked to history. two years ago we faced exactly this situation, the 2001 2003 tax cuts all lapsed. we had a republican house coming in, and democratic senate and democratic president. why would that not the way you do? obama says i will hold my breath until i turn blue and stamp my feet. 2 years ago he said he did not want to raise tax
the fiscal cliff elapsing tax cuts. the second piece is the sequestration. $100 billion a year being sequestered from the increases in the budget. these are not cuts the way you or i think of cuts. these are budget increasing not as rapidly as the various agencies will buy them to. the $2 billion of that is out of national defense and $30 billion of that at the domestic discretionary -- $50 billion of that is out of national defense and $50 billion of that is domestic discretionary. will the...
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Nov 25, 2012
11/12
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off the fiscal cliff would put the u.s. economy right back in recession and drive the jobless rate up to 9.1% by the end of next year according to the congressional budget office. and that would not be good, but speaker of the house, john boehner along with mitch mcconnell represents republicans at the negotiating table, says he's open to finding the federal government more ways it take in money. >> to show our seriousness, we'll put revenue on the table as long as it's accompanied by significant spending cuts. and while we're going to continue to have revenue on the table. for my colleagues to show the american people that we're serious about cutting spending and solving our fiscal dilemma. but, just because speaker boehner says he backs new revenue doesn't mean we should expect him to suddenly support a big tax increase for the wealthiest americans. >> president obama wants to let the bush era tax cuts expire, so, the top marginal tax rate would rise from 35% to 39.6% and that's going to be a major sticking point in the n
off the fiscal cliff would put the u.s. economy right back in recession and drive the jobless rate up to 9.1% by the end of next year according to the congressional budget office. and that would not be good, but speaker of the house, john boehner along with mitch mcconnell represents republicans at the negotiating table, says he's open to finding the federal government more ways it take in money. >> to show our seriousness, we'll put revenue on the table as long as it's accompanied by...
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Nov 25, 2012
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when you think about fiscal cliffs, you should know there's none worse than the fall into poverty. >> you should know the perils of corporate journalism are usually not as obvious as pleasing advertisers and politicians. the most powerful constraints are mundane and insidious. that said, you should know that principal journalists can let their audience know on occasion when something is afoot. that happened in bangor, maine, when a local news anchor team surprised their audience and bosses by resigning on air. >> on behalf of cindy and me, we have loved every moment bringing the news to you and coming into the homes with your stories of the community and the state and some recent developments have come to auour attention and departing together is the best alternative we can take. >> both declined to offer specifics, but he told the news he wanted to know i was being honest and ethical as a journalist. i thought there were times when i wasn't able to do that. all right. i want to find out what you guys think our audience should know. i'll begin with you, with congressman steve cone. >>
when you think about fiscal cliffs, you should know there's none worse than the fall into poverty. >> you should know the perils of corporate journalism are usually not as obvious as pleasing advertisers and politicians. the most powerful constraints are mundane and insidious. that said, you should know that principal journalists can let their audience know on occasion when something is afoot. that happened in bangor, maine, when a local news anchor team surprised their audience and...
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Nov 25, 2012
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. >>> and here at home it's time to work on the fiscal cliff. can both sides strike a bargain before everyone's tacks go up. we'll cover that with our headliners. senators dick durbin and lindsey graham. plus our powerhouse roundtable. matthew dowd, joe klein, ruth marcus, david sanger of "the new york times" and peggy noonan of "the wall street journal." >>> then ben affleck. >> you saw your parents killed? >> with war breaking out in congo, he's here live on what can be done to stop the fighting. >>> and -- >> i'm jonathan karl, i'm going to show you how this clipper will bring bipartisanship to washington. >>> hello, again. you just saw one small step for bipartisanship, is there more to come in washington? congress is back to work this week. top priority, a deal to block those automatic spending cuts and tax increases now set for january 1st, and some smart money is starting to bet that the president and congress will find a way to avoid that fiscal cliff. stocks up this week in anticipation of a deal with the dow clocking five straight of g
. >>> and here at home it's time to work on the fiscal cliff. can both sides strike a bargain before everyone's tacks go up. we'll cover that with our headliners. senators dick durbin and lindsey graham. plus our powerhouse roundtable. matthew dowd, joe klein, ruth marcus, david sanger of "the new york times" and peggy noonan of "the wall street journal." >>> then ben affleck. >> you saw your parents killed? >> with war breaking out in congo,...
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Nov 25, 2012
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congressional leaders are hoping to hammer out a deal to avoid the fiscal cliff. it is clear that the lawmakers are strug struggling to find a common ground. but some are saying there is a compromise. >> the stock market rallied amidst the talk of a possible deal being made. but independent senator joe lieberman is saying there is no done deal. he says, if congress does nothing, which they have gotten pretty good at, we will go over the fiscal cliff. the republicans have conceded that the government needs to find new ways to take in more money and now the fight is centered on where to get it from. >> i would be very much opposed to raising tax rates. but i believe we can change loopholes. >> i want entitlement reforms. democracies promise to cut spending. we never cut spending. i am looking for revenue for entitlement reform. >> reporter: senator graham says age adjustment and means testing for medicare and social security is a reasonable thing. but illinois democratic senator dick durbin doesn't want to touch social security. he thinks the new revenue should come
congressional leaders are hoping to hammer out a deal to avoid the fiscal cliff. it is clear that the lawmakers are strug struggling to find a common ground. but some are saying there is a compromise. >> the stock market rallied amidst the talk of a possible deal being made. but independent senator joe lieberman is saying there is no done deal. he says, if congress does nothing, which they have gotten pretty good at, we will go over the fiscal cliff. the republicans have conceded that the...
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Nov 26, 2012
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busy days at the white house now with the fiscal cliff looming. what is it 36 days left i think, before we might go over the cliff. what is on the president's agenda, david jackson covers the white house for "usa today." how are you? >> fine bill. how are you? >> bill: good. i missed my favorite event of the year, last week which was the pardoning of the thanksgiving day turkey. >> absolutely. he cracked a few jokes, making crack about something like his last gift. and he also made a nate silver joke. >> bill: oh, did he? >> yeah, saying nate silver was right on on which turkey would be pardoned this year. >> bill: that's great. i read in the tribune the fact that there was a big turn out of the press corps. >> yeah a lot of reporters brought family and friends because it's an easy event to get people into. >> bill: well, it is the party season. i got my invitation to the annual christmas party. >> yeah, the number keeps going up exponentially, but i think it is about 20. and he'll be shaking thousands of hands. they stand there in some room off o
busy days at the white house now with the fiscal cliff looming. what is it 36 days left i think, before we might go over the cliff. what is on the president's agenda, david jackson covers the white house for "usa today." how are you? >> fine bill. how are you? >> bill: good. i missed my favorite event of the year, last week which was the pardoning of the thanksgiving day turkey. >> absolutely. he cracked a few jokes, making crack about something like his last gift....
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Nov 26, 2012
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this is the so-called fiscal cliff, right? so we know that is reality. the operation statute will by law make these rates go up. that's what's changed. we know that. so why would we want to punish folks to see their taxes go up? >> just to can cut through it, if you do nothing, taxes go up on everybody. >> everybody. everybody. and we do nothing to fix the problem so, again, even if all those taxes go up and we know it's like a $4 trillion eitem over ten years well, remember, how much are we spending more than we're taking in each year over a trillion dollars? so even if you raise all those taxes it does not fix your problem. which is, again, what's changed. the operation and the statute. so we're trying to make things better and say let's take this opportunity to come together to fix the spending problem which is why we need both nancy pelosi, harry reid, and the president to come forward and say, hey, here are our ideas. >> mike? >> joe, you say correctly, you point out correctly, you were elected to fix problems whether it's missoula, montana, or rich
this is the so-called fiscal cliff, right? so we know that is reality. the operation statute will by law make these rates go up. that's what's changed. we know that. so why would we want to punish folks to see their taxes go up? >> just to can cut through it, if you do nothing, taxes go up on everybody. >> everybody. everybody. and we do nothing to fix the problem so, again, even if all those taxes go up and we know it's like a $4 trillion eitem over ten years well, remember, how...
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Nov 26, 2012
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they want the fiscal cliff. it does essentially what they wanted to do, which is to raise taxes and impose a bunch of reductions in military spending. we all know that raising taxes on the rich will not raise enough money to substitute for a dollar rates on middle-class. -- raise. no tax on the super rich would ever recover enough money to even begin averting the financial clip. no reduction in foreign aid -- it is just less than 1% of the federal budget -- can address the fiscal cliff. we need to begin talking exactly the opposite of the way the federal government has worked so far. simply by starting with a budget on what we expect the income-tax to be instead of starting with what we would like to spend. that is backwards. you have to start with what you expect your income to be. host: here is what charlotte says on facebook. she says the tax rates are not creating any jobs, so stop talking out of both sides of your mouth, republicans. you can join that conversation on facebook. is with us from texas. caller:
they want the fiscal cliff. it does essentially what they wanted to do, which is to raise taxes and impose a bunch of reductions in military spending. we all know that raising taxes on the rich will not raise enough money to substitute for a dollar rates on middle-class. -- raise. no tax on the super rich would ever recover enough money to even begin averting the financial clip. no reduction in foreign aid -- it is just less than 1% of the federal budget -- can address the fiscal cliff. we need...
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Nov 26, 2012
11/12
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35 days left till we reach the fiscal cliff. and a couple of key republicans are now suggesting that they're willing to forego their no tax pledge to try to get a budget deal done and avoid massive tax hikes, and spending cuts that will come in the new year. brand-new cnn/orc poll shows that is, in fact, affecting the american people. 68% say they believe falling off the fiscal cliff could trigger major problems for the country, maybe even a crisis. brings us to dan lothian at the white house this morning. dan, good morning. senate goes back to work this afternoon. the house will return tomorrow. what could really be done by lame duck congress? >> well, look, the hope is that there will be some kind of compromise here, because as you pointed out most americans believe that if there is no agreement there really could be a crisis here. so you are seeing some softening from republicans who took that no tax pledge back to 1986. first it was saxby chambliss. now south carolina republican senator lindsey graham. take a listen. >> when
35 days left till we reach the fiscal cliff. and a couple of key republicans are now suggesting that they're willing to forego their no tax pledge to try to get a budget deal done and avoid massive tax hikes, and spending cuts that will come in the new year. brand-new cnn/orc poll shows that is, in fact, affecting the american people. 68% say they believe falling off the fiscal cliff could trigger major problems for the country, maybe even a crisis. brings us to dan lothian at the white house...
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Nov 26, 2012
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there wasn't any talk about the fiscal cliff. we'll see what happens this week because these negotiations continue. but those shopping numbers have given people a lot of reason to think maybe there's some good news out there. we see the numbers coming in on this today, cyber monday,s biggest online shopping day. $1.5 billion in sales. chuck, i will admit, on amazon this morning, i got shut out by the deals i wanted to get. hey, it's worth a try. >> i guess you have to right that "r" button, refresh. thank you, becky. >> thank you, chuck. >>> one of the tasks of political strength, how do you fare in unfriendly it territory? in today's deep dive we're taking a look at the democratic senators holding seats in some of the reddest presidential spots on the map. take a look at this. in the new congress a dozen democrats will hold seats in states that voted for mitt romney. one in alaska, ed north dakota, south dakota, missouri, arkansas, louisiana, indiana and north carolina. democrats hold both senate seats in west virginia and monta
there wasn't any talk about the fiscal cliff. we'll see what happens this week because these negotiations continue. but those shopping numbers have given people a lot of reason to think maybe there's some good news out there. we see the numbers coming in on this today, cyber monday,s biggest online shopping day. $1.5 billion in sales. chuck, i will admit, on amazon this morning, i got shut out by the deals i wanted to get. hey, it's worth a try. >> i guess you have to right that...
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Nov 26, 2012
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we asked the effect of this fiscal cliff. if the country goes off the fiscal cliff, the effect on you. look at that. 24% say it's a crisis. 44% say major problems. who would be responsible if there is no agreement? the blame game. take a look at that number as well right there. put that back up. who would be most responsible? 45% say the republicans in congress. 34% say he would. 15% say both sides would be blamed. one other takeaway? people want mixture. they're not very optimistic a deal will get done. >> let's talk about grover norquist for just a bit, paul. so most americans want taxes raised on the wealthiest americans. we just saw your poll there that 45% of americans would blame republicans if there's no compromise reached to avoid this fiscal cliff. so why is grover norquist still so powerful? why does any republican care? >> well, this pledge has been around for 25 years. that's a long time. it stood through a lot of different crises. take, for instance, saxby chambliss and lindsey graham. both up for re-election in
we asked the effect of this fiscal cliff. if the country goes off the fiscal cliff, the effect on you. look at that. 24% say it's a crisis. 44% say major problems. who would be responsible if there is no agreement? the blame game. take a look at that number as well right there. put that back up. who would be most responsible? 45% say the republicans in congress. 34% say he would. 15% say both sides would be blamed. one other takeaway? people want mixture. they're not very optimistic a deal will...
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Nov 26, 2012
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--cliff >> when you look at the fiscal cliff from far away it looks like a drop. it is more like a staircase. the debt ceiling is how this all began and it is the total amount the government can borrow to meet its existing obligations. we headed at the end of 2012, though the fall can be avoided toe 2013. the treasury department deems that extraordinary measures. in 2011 house republicans refused to raise the debt ceiling. without an agreement the result was a debacle. as a downgrading u.s. credit for the first time in history. without a new deal on january 1st tax hikes will kick and very 661 billion for next year alone and that includes the expiration of the so-called must tax cuts. -- the bush americans will start to feel those with the first paychecks of the new year arrive. sequester kicks in january 2nd and those cuts amount to $78 billion next year. several companies with government contracts of already pulled back on hiring. some have slowed work. most americans will not truly feel the effects of these sequestered until the middle of next year. layoffs are
--cliff >> when you look at the fiscal cliff from far away it looks like a drop. it is more like a staircase. the debt ceiling is how this all began and it is the total amount the government can borrow to meet its existing obligations. we headed at the end of 2012, though the fall can be avoided toe 2013. the treasury department deems that extraordinary measures. in 2011 house republicans refused to raise the debt ceiling. without an agreement the result was a debacle. as a downgrading...
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Nov 26, 2012
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-- police cal cliff, saying the threat -- fiscal cliff saying this could drive people to spend less this holiday season if congress does not act by the end of the year, everybody will owe more in taxes come next april and that most certainly could affect people's spending habits now. >> i think it means they are not spending as much as they would because they still don't know what is gonna happen. >> congress only has 35 days to come to an agreement on deficit reduction. if they don't, automatic tax increases and spending cuts will go into effect january 1st. both parties say they are ready to compromise but still no real progress has been made. >>> 7:33. one bay area hospital demanding to be reimbursed by the los angeles dodgers for the treatment it gave to bryan stow, the giants' fan brutally beaten in l.a. brian flores is live at san francisco general hospital with more. >> reporter: hi, dave. san francisco general hospital is seeking a $1.2 million medical reimbursement from the dodgers for medical care of bryan stow. the hospital went to -- hospital went to u.s. bankruptcy cour
-- police cal cliff, saying the threat -- fiscal cliff saying this could drive people to spend less this holiday season if congress does not act by the end of the year, everybody will owe more in taxes come next april and that most certainly could affect people's spending habits now. >> i think it means they are not spending as much as they would because they still don't know what is gonna happen. >> congress only has 35 days to come to an agreement on deficit reduction. if they...
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Nov 26, 2012
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cliff. that is tonight at 8:00 eastern on c-span. congress returns from a week long thanksgiving break this week. the house is back tomorrow to debate a number of bills. a major bill comes up on thursday when they will consider a visa program for students getting advanced degrees and computer science, engineering and mathematics. off the floor, democrats plan to let new leadership. that is scheduled for thursday. you can see the house tomorrow on c-span. the senate is back today at 2:00 eastern. they will finish work on what is called the sportsman bill, expanding hunting and fishing on federal lands. that begins at 5:30 eastern. you can see the senate live on our companion network, sees that2 -- c-span2. >> you listen to mayor bloomberg who says the damage was unprecedented. the previous high was 10 feet. for this high, the tidal surge was 14 feet. gov. chris christie said that the damage was unthinkable. at fires, hurricane force wind, massive flooding, some of. -- massive fires, hurricane
cliff. that is tonight at 8:00 eastern on c-span. congress returns from a week long thanksgiving break this week. the house is back tomorrow to debate a number of bills. a major bill comes up on thursday when they will consider a visa program for students getting advanced degrees and computer science, engineering and mathematics. off the floor, democrats plan to let new leadership. that is scheduled for thursday. you can see the house tomorrow on c-span. the senate is back today at 2:00...
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the debate on the fiscal cliff is about entitlement programs. and i watched some of my friends on the left, on the democratic side saying don't touch the entitlement programs. they're ignoring the obvious. medicare untouched, unchanged, unamended runs out of money in 12 years. i plan on being around for 12 years. a lot of folks who are seniors do too, and those who anticipate retiring expect it to be there beyond 1 years. we need to do something. to say we're not going to touch medicare is to ignore the obvious. i don't want to go the paul ryan budget route of voucherrizing it, making it so expensive seniors can't pay for it but if we don't put our best talents together and make medicare a program that lasts beyond 12 years we are not meeting our obligation to the offices that we ran for. the last point, medicaid. what is medicaid? medicaid is insurance, health insurance for the poor. one out of three children in the state of illinois, their only health insurance is medicaid. more than half of the births in illinois, the prenatal care and well b
the debate on the fiscal cliff is about entitlement programs. and i watched some of my friends on the left, on the democratic side saying don't touch the entitlement programs. they're ignoring the obvious. medicare untouched, unchanged, unamended runs out of money in 12 years. i plan on being around for 12 years. a lot of folks who are seniors do too, and those who anticipate retiring expect it to be there beyond 1 years. we need to do something. to say we're not going to touch medicare is to...
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but there will and resolution to the fiscal cliff. will let me tell you why. the president is not going on reelection. so he has the opportunity to bring both parties together to show resolution that we can come together to do what's best for the economy. the negatives farout wha negatie compromise. you will have the unemployment go up. the payroll -- megyn: if you think it's just the rich you are wrong. the unemployment benefits. >> what's scary is there is only one solution to supporting this enormous government the what it is and continuing down this road. it's a value added tax. that is the tax on everything along the way. every time you add value you get taxed. you do anything on you see it. if it were 10% fit would raise $750 billion in a year. but the argument against that, instead of starving the beast and bringing costs in line this creates a whole new revenue stream, a monster in government that would just get larger and large and crowd out private spending and innovation. when apple makes the decision to make an investment and invent the ipod, there
but there will and resolution to the fiscal cliff. will let me tell you why. the president is not going on reelection. so he has the opportunity to bring both parties together to show resolution that we can come together to do what's best for the economy. the negatives farout wha negatie compromise. you will have the unemployment go up. the payroll -- megyn: if you think it's just the rich you are wrong. the unemployment benefits. >> what's scary is there is only one solution to...
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to that fiscal cliff? the number three republican in the house, kevin mccarthy is going to be here in "the situation room." the house majority whip. and also alan krueger, the chairman of the president's council of economic advisers is going to be here as well. we're trying to gauge if there's going to be a deal or no deal and what it means for our viewers. glad you noticed, brooke. >> of course i noticed. i was so proud of you. i was proud of cnn. i thought the coverage was incredible, watching back here in the u.s. but i have to ask, i know you have a daughter and a lovely wife. did you get a chance to have a thanksgiving? >> yes, i got back in time for thanksgiving. i flew all night. tel aviv, frank forfurtrankfurt here to d.c. i had turkey and cranberry sauce and all that. here's a question i'm going to ask you, brooke -- a year ago last night, where were you -- >> ding. b.e.t. soul train awards. >> did you watch last night? >> i did not. >> what do you mean you did not? i watched, of course. >> if i'm
to that fiscal cliff? the number three republican in the house, kevin mccarthy is going to be here in "the situation room." the house majority whip. and also alan krueger, the chairman of the president's council of economic advisers is going to be here as well. we're trying to gauge if there's going to be a deal or no deal and what it means for our viewers. glad you noticed, brooke. >> of course i noticed. i was so proud of you. i was proud of cnn. i thought the coverage was...
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the and worst of the fiscal cliff we beat that up a lot on this show so we're going to talk with you about some more things after the break more of michael kroger in a moment also still ahead right here money velocity is at historic lows what it means and why it matters in word of the day and loose change turkey pays its bills to iran in gold but first your closing market numbers. and. here's mitt romney trying to figure out the name of that thing that we americans call a dollar. i'm sorry i'm just the guy who cares an awful lot about you sir are a fool you know what kind of minor terror cells in your neighborhood want us to defeat terrorism be on the liberal democrats. can really sort of. you know support you to distract us from what you and i should care about because they're profit driven industry that sells a sensationalistic garbage he calls it breaking news i'm having martin and we're going to break this but it's. before the break we were talking about the government's role in distorting the economy we're talking about farm subsidies we were talking about the fed i don't know i
the and worst of the fiscal cliff we beat that up a lot on this show so we're going to talk with you about some more things after the break more of michael kroger in a moment also still ahead right here money velocity is at historic lows what it means and why it matters in word of the day and loose change turkey pays its bills to iran in gold but first your closing market numbers. and. here's mitt romney trying to figure out the name of that thing that we americans call a dollar. i'm sorry i'm...
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the fiscal cliff divers? it is our belief in president's belief as being spelled out in the plant today, it would rain damage being done to the economy if we do not extend tax cuts for the middle-class and address the other elements of the fiscal cliff and, more broadly speaking, address our long term fiscal challenges and how the economy creates jobs. we need to get this done and that is what we're working on. >> one more? >> olivier, alexis, april. >> you have said repeatedly "we" have expressed concerns? >> i would refer to the state department. >> were you for warrant that mr. mursi was going to do this? -- were you forewarned mr. morsi was going to do this? >> these are separate issues. we have raised our concerns and that, i think in party answers your question. secretary clinton is focused on working with the president down others, prime minister netanyahu, to help bring about a ceasefire and other allies can be saved and the possibility of moving forward on negotiations for more enduring peace could b
the fiscal cliff divers? it is our belief in president's belief as being spelled out in the plant today, it would rain damage being done to the economy if we do not extend tax cuts for the middle-class and address the other elements of the fiscal cliff and, more broadly speaking, address our long term fiscal challenges and how the economy creates jobs. we need to get this done and that is what we're working on. >> one more? >> olivier, alexis, april. >> you have said...
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we talk about the taxes with the looming fiscal cliff. this as president obama's aides owe bunch of back taxes. abc did the story in january. the i.r.s. released the federal employee and the retiree delinquently inventory and it shows 36 of obama's aides owe $833,970 in back taxes. other government employees owe a lot too. at the epa, 413 people owe more than $19 million. 185 employees owe $3 million in back taxes. five people at the tax court owe $62,508. there has been no followup by abc or any other organization. there is no word of update from the u.s. government. or a follow township the i.r.s. report might be available. they want teenagers to get faster track for morning after pill. they want them to make advanced prescriptions available to girls under 17. current federal policy bands sales of the pills to girls under 17. so having a prescription on hand could let them obtain emergency contraception quic quickly. saudi husbands receiving the text message alerts if their wives attempt to leave saudi arabia. the saudi author and journ
we talk about the taxes with the looming fiscal cliff. this as president obama's aides owe bunch of back taxes. abc did the story in january. the i.r.s. released the federal employee and the retiree delinquently inventory and it shows 36 of obama's aides owe $833,970 in back taxes. other government employees owe a lot too. at the epa, 413 people owe more than $19 million. 185 employees owe $3 million in back taxes. five people at the tax court owe $62,508. there has been no followup by abc or...
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more worries about this darn fiscal cliff. that could send the economy into recession if washington doesn't make a deal to soften the draconian spending cuts. and the tax increases by the end of the year. i say could, meaning i believe it will. we need to take a cautious approach when it comes to retail because of the cliff. a lot of retailers are running right now. but we want to own something that won't be hurt too badly if we do go over the cliff. a stock that's pulled back dr dramatically of late. i'm talking about rost stores. r-o-s-t. two off price retail concepts we can't get enough of here on "mad money." rost is an off price play like tjx, another strong, strong player. where people go to get terrific deals on merchandise that's been marked down dramatically. the company's pretty much immunized against a fiscal cliff. well, at least one that induces a recession. consider since 2005, ross stores has had only a single quarter of negative same-store sales growth during the great recession in 2009. just one quarter. that'
more worries about this darn fiscal cliff. that could send the economy into recession if washington doesn't make a deal to soften the draconian spending cuts. and the tax increases by the end of the year. i say could, meaning i believe it will. we need to take a cautious approach when it comes to retail because of the cliff. a lot of retailers are running right now. but we want to own something that won't be hurt too badly if we do go over the cliff. a stock that's pulled back dr dramatically...
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we're talking about the fiscal cliff. one of the urgent matters this lame duck congress needs to address before the end of the year and even though the tax increases are going to take effect in 36 days, there's still only talk of a compromise, so can congress actually walk the walk or are we going to go off this cliff? up next, mike lee of utah. really appreciate you taking the time. you wrote an op-ed in the washington times and said quote, delaying significant fiscal restraint will send the wrong signal and may serve as taping point for our economy. so you're fear is that interest rates could surge. to be father, we've had this disastrous situation for years and interest rates have kept falling in spite of all worries that there would be a disaster. >> that's right. that's one of the things that distinguishes the fiscal cliff, which we're coming up against right now. from what i described yesterday says the fiscal avalanche. we can see when the fiscal cliff is about to hit. the avalanche occurs when people stop buying u
we're talking about the fiscal cliff. one of the urgent matters this lame duck congress needs to address before the end of the year and even though the tax increases are going to take effect in 36 days, there's still only talk of a compromise, so can congress actually walk the walk or are we going to go off this cliff? up next, mike lee of utah. really appreciate you taking the time. you wrote an op-ed in the washington times and said quote, delaying significant fiscal restraint will send the...
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tonight, lawmakers working to find common ground on the fiscal cliff before it's too late. plus, holiday shoppers looking for deals, pushing this cyber monday sales through the virtual roof. it's shaping up to be a possible record-breaker. shoppers spending more money today than ever before. a lot of them are not paying sales tax. now a move to close the loopholes that are costing states millions. plus at least when people shop online this doesn't happen. [oh] >> shepard: tonight, the brawl at the mall. a jury cleared casey anthony of murdering her little girl. >> we, the jury, find the defendant not guilty. >> shepard: now some potentially explosive evidence about a computer search somebody did on the day little caylee disappeared. and this was no ordinary parade can a gety. >> snn colon and then a number. >> shepard: shredded police documents apparently reigning down on the thanksgiving day crowd. >> i didn't know what to make of all of this information. >> tonight, investigation and police respond. but first from fox this monday night, some republicans are now saying the
tonight, lawmakers working to find common ground on the fiscal cliff before it's too late. plus, holiday shoppers looking for deals, pushing this cyber monday sales through the virtual roof. it's shaping up to be a possible record-breaker. shoppers spending more money today than ever before. a lot of them are not paying sales tax. now a move to close the loopholes that are costing states millions. plus at least when people shop online this doesn't happen. [oh] >> shepard: tonight, the...
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rethink possible. >> we're 36 days away from the fiscal cliff. lawmakers say the stakes are very high. the question tonight is that compromise in the air? >> 36 days ago until deep spending cuts and tax increases go into effect. >> we have been open to revenue by closing loopholes as long as this time the spending cuts >> there have to be compromises and seeking the middle of the road is not acceptable. is the only way forward. >> various republicans in congress signed and agreed to never vote for higher taxes. some of the right are willing to break that pledge of for the right deal. >> i will violate the pledge of long story short for the good of the country. only if democrats will do retirement reforms. >> we should not be taken by and clad positions >> grover norquist takes issue with that >> if you wanna go to your voters and say i promise you this and i'm breaking my promise you can have that conversation with them but your not having an argument with me. >> a new poll shows two- thirds of people prefer a budget plan with a mix of spending c
rethink possible. >> we're 36 days away from the fiscal cliff. lawmakers say the stakes are very high. the question tonight is that compromise in the air? >> 36 days ago until deep spending cuts and tax increases go into effect. >> we have been open to revenue by closing loopholes as long as this time the spending cuts >> there have to be compromises and seeking the middle of the road is not acceptable. is the only way forward. >> various republicans in congress...
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now a short interview on the basics and what the fiscal cliff marines. rex -- >> thank you for being with us. you are on c-span radio. what can we expect this week? the president's spending part of the weekend calling the principles. what are we looking at? rex in the week ahead, we have been having meetings aside from the one at the white house and telephone conversations, we have largely seen beatings -- meetings and they will probably continue in the days and weeks ahead. we are looking to see if there is substantial progress on coming to a free market can put together for a deal before christmas which is the next sort of deadline that people seem to be setting up. >> some of the news from this fund a program. republicans opening up the door for the possibility of raising taxes at a certain level. democrats are being pressured by republicans to put entitlements, especially medicare and medicaid. where does that stand? >> that has been talked about throughout this conversation going back for a couple of years now since we started all this. there have b
now a short interview on the basics and what the fiscal cliff marines. rex -- >> thank you for being with us. you are on c-span radio. what can we expect this week? the president's spending part of the weekend calling the principles. what are we looking at? rex in the week ahead, we have been having meetings aside from the one at the white house and telephone conversations, we have largely seen beatings -- meetings and they will probably continue in the days and weeks ahead. we are...
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the and worst of the fiscal cliff we beat that up a lot on the show though so we're going to talk with you about some more things after the break more of michael kroger in a moment also still ahead right here money velocity is at historic lows what it means and why it matters inboard of the day and in loose change turkey pays its bills to run in gold but first your closing market numbers. parents versus social workers docu nabby pm last stop good landing the landstar kidnapping children have become a prize used to fight for why does the law or threaten families of the social order to see the theme of the right of your home the more they feel that they have any kind of suspicion about the world both of your children are often just better at bringing up kids than their own mom and dad. from what we have an industry that is so. close and triple. the footrace true. story. to. break. the law. why you don't tell me how much you are my. primary. before the break we were talking about the government's role in distorting the economy we're talking about farm subsidies we were talking about the f
the and worst of the fiscal cliff we beat that up a lot on the show though so we're going to talk with you about some more things after the break more of michael kroger in a moment also still ahead right here money velocity is at historic lows what it means and why it matters inboard of the day and in loose change turkey pays its bills to run in gold but first your closing market numbers. parents versus social workers docu nabby pm last stop good landing the landstar kidnapping children have...
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. >>> this weekend, you can talk with oklahoma senator tom coburn about the fiscal cliff, affordable care act, and the future of the republican party on senator wrote several books and reports like "the debt bomb," and join our three hour conversation with calls, e-mails, tweets, and facebook comments for senator tom coburn for booktv's "in-depth" on c-span2. >>> next, john roberts on challenges and surprises he had on the high court. last month, he spoke for an hour with students about the supreme court and constitutional law. [applause] >> thank you very much. thank you, and thank you, david, for that gracious introduction, and all of you for a very, very warm welcome. this is my first visit to rice, and i'm already glad that i came. president lee told you i can't talk about anything current, future, or past. [laughter] my remarks will be brief. [laughter] i had the pleasure of knowing david for 35 years. as he mentioned, he was the president back then too of the harvard law review. he's used to holding the reigns of power. a chief justice also holds the reigns of power. the only d
. >>> this weekend, you can talk with oklahoma senator tom coburn about the fiscal cliff, affordable care act, and the future of the republican party on senator wrote several books and reports like "the debt bomb," and join our three hour conversation with calls, e-mails, tweets, and facebook comments for senator tom coburn for booktv's "in-depth" on c-span2. >>> next, john roberts on challenges and surprises he had on the high court. last month, he spoke...
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there's plenty to disagree about, from the fiscal cliff to chris yisy. joining me now to battle it out and the republican strategiest ali stewart. let me start with you. i heard from grover norquist and from rick santorum tonight and they all seem ton wrestling now with the possibility that this pledge that's really held them all to ransom for so long on income tax rises in particular may just have to be all thorred in how they deal with that. you know what? forget all the pledges before this election has happened. we got beaten again and beaten badly. it's time to rethink, regroup, and be open to new ideas. >> well, the fact of the matter is this was a pledge that a lot of people that i've worked for made to their constituents. we don't have a problem in washington with taxing. we have a problem as senator with overspending. i talked with my congressman today, and he said for argument sake we give the president every single tax increase he wants. every single one of of them on the wealthiest americans and on all american. if we give them all those we sp
there's plenty to disagree about, from the fiscal cliff to chris yisy. joining me now to battle it out and the republican strategiest ali stewart. let me start with you. i heard from grover norquist and from rick santorum tonight and they all seem ton wrestling now with the possibility that this pledge that's really held them all to ransom for so long on income tax rises in particular may just have to be all thorred in how they deal with that. you know what? forget all the pledges before this...
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the n word to the fiscal cliff we beat that up a lot on the show though so we're going to talk with you about some more things after the break more of michael kroger in a moment also still ahead right here money velocity is at historic lows what it means and why it matters inboard of the day and loose change turkey pays its bills to run in gold but first your closing market numbers. parents versus social workers document being the last stop you and me the lands damn good many children have become prizes to find why does the long threaten families of the social for reducing the theme of they have right of the whole minimal me facing but they have any kind of for suspicion about the world will feel for your children are often just better at bringing up kids than their own mum and dad. using what we have an industry that is so. close and try to pull the lever for true too. before the break we were talking about the government's role in distorting the economy we're talking about farm subsidies we were talking about the fed i don't know if people realize how involved the government still is
the n word to the fiscal cliff we beat that up a lot on the show though so we're going to talk with you about some more things after the break more of michael kroger in a moment also still ahead right here money velocity is at historic lows what it means and why it matters inboard of the day and loose change turkey pays its bills to run in gold but first your closing market numbers. parents versus social workers document being the last stop you and me the lands damn good many children have...
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the negotiations continue on the fiscal cliff, we look at how we got here. senator dick durbin will talk about efforts to resolve the fiscal cliff. starting at 11:00 a.m. eastern. tomorrow on washington journal, jack girard of the american petroleum institute talks about alternative energy efforts. and christina ellen discusses long-term unemployment benefits ending in january without congressional action. after that, bloomberg television reporter dominate chu about what investors are doing with their money. washington journal is live at 7:00 eastern here on c-span. now, reaction from senate republicans to the passage of the debt ceiling increase part of an august 2011 deficit reductn agreement. mitch mcconnell and other republicans. >> i know you are going to miss this, you just hate to see us go. we are going to miss you, too. obviously, the biggest concern is jobs and the economy. things have actually gotten worse since the president have to take -- has taken office and we need to move in a different direction. the american people do not believe that rais
the negotiations continue on the fiscal cliff, we look at how we got here. senator dick durbin will talk about efforts to resolve the fiscal cliff. starting at 11:00 a.m. eastern. tomorrow on washington journal, jack girard of the american petroleum institute talks about alternative energy efforts. and christina ellen discusses long-term unemployment benefits ending in january without congressional action. after that, bloomberg television reporter dominate chu about what investors are doing...
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the and worst of the fiscal cliff we beat that up a lot on the show though so we're going to talk with you about some more things after the break more of michael kroger in a moment also still ahead right here money velocity is at historic lows what it means and why it matters inboard of the day and loose change turkey pays its bills to run in gold but first your closing market numbers. download the official publication so choose your language stream quality and enjoy your favorite. t.v. is not required to watch on t.v. all you need is your mobile device watch our t.v. any time of the. leg. look at the lead. i think. before the break we were talking about the government's role in distorting the economy we're talking about farm subsidies we were talking about the fed i don't know if people realize how involved the government still is in housing let's listen to the mortgage professional barry have been talking about it. a third of the transactions that we see happening in the housing market are going through harder going through government programs like f.h.a. and v.a. if those were to be
the and worst of the fiscal cliff we beat that up a lot on the show though so we're going to talk with you about some more things after the break more of michael kroger in a moment also still ahead right here money velocity is at historic lows what it means and why it matters inboard of the day and loose change turkey pays its bills to run in gold but first your closing market numbers. download the official publication so choose your language stream quality and enjoy your favorite. t.v. is not...
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so fiscal cliff is all the talk of washington, obviously. but you guys are writing this morning, your headline about the other fiscal fight, which is, again, the debt ceiling. >> yeah, i think people forget we have essentially three blink moments, sequestration, the debate, and we hit the debt limit probably some time in february. and you have to raise the debt limit unless you take the posture that some folks in the democratic party are recommending and saying just raise it unilaterally, have the president do that. i don't think that's what they want to do right now. in the past, congress has had to raise that debt limit. and as you know, house republicans aren't playing around. they don't want to raise the debt limit, don't want to spend more money. if you're a tea party freshman or sophomore now, that's the only issue you ran on. i'm not going to expand the size of government and that is the blink moment for them. i don't think there's a majority of republicans in the house that would vote to increase the debt limit unless forced to by jo
so fiscal cliff is all the talk of washington, obviously. but you guys are writing this morning, your headline about the other fiscal fight, which is, again, the debt ceiling. >> yeah, i think people forget we have essentially three blink moments, sequestration, the debate, and we hit the debt limit probably some time in february. and you have to raise the debt limit unless you take the posture that some folks in the democratic party are recommending and saying just raise it unilaterally,...
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. >> this weekend you can talk with oklahoma senator tom coburn about the fiscal cliff, affordable care act and the future of the republican party on book tv's "in-depth." the senator has written several books and reports. join the three-hour conversation with your calls, e-mail, tweets and facebook, it's for medical doctor, author and senator tom coburn on book tv's "in-depth." on c-span2. >> coming up today on c-span, live from capitol hill with "washington journal." 11:30 a.m., senate assistant majority leader dick durbin talks about the efforts to resolve the so-called this cliff. at 2:00 p.m. eastern the u.s. house returns from banks given to work on legislation regarding homeland security and border security -- house returnsm
. >> this weekend you can talk with oklahoma senator tom coburn about the fiscal cliff, affordable care act and the future of the republican party on book tv's "in-depth." the senator has written several books and reports. join the three-hour conversation with your calls, e-mail, tweets and facebook, it's for medical doctor, author and senator tom coburn on book tv's "in-depth." on c-span2. >> coming up today on c-span, live from capitol hill with...
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the and worst of the fiscal cliff we beat that up a lot on the show though so we're going to talk with you about some more things after the break more at michael kroger in a moment also still ahead right here money velocity is at historic lows what it means and why it matters inboard of the day and in loose change turkey pays its bills to run in gold but first the closing market numbers. good news you see good leverage or two mccurry was able to build a new most sophisticated robot which fortunately doesn't give a darn about anything tunes mission to teach music creation why it should care about humans in the world this is why you should care what you're only on the. parents versus social workers docu nabby pm last stop the lands good many children have become prizes to fight for why does the law or threaten families of the social for reducing the female they have right of will hold many more they feel that they have any kind of for suspicion about the world war for your children are often a just better at bringing up kids than their own mom and dad. using what we haven't . just to. co
the and worst of the fiscal cliff we beat that up a lot on the show though so we're going to talk with you about some more things after the break more at michael kroger in a moment also still ahead right here money velocity is at historic lows what it means and why it matters inboard of the day and in loose change turkey pays its bills to run in gold but first the closing market numbers. good news you see good leverage or two mccurry was able to build a new most sophisticated robot which...
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as we approach the fiscal cliff, democrats are ready to make those tough choices. i hope my republican freandzs, theespecially those who claim ty put mo claim before their pledge can say the same. mr. mcconnell: mr. president? the presiding officer: the republican leader. mr. mcconnell: yesterday i came to the floor to discuss what's known as the fiscal cliff, a mix of automatic tax hikes and defense cuts that are set to hit at the end of the year jeopardizing our security as well as our economy. my message was pretty simple. a solution is possible. republicans have been reasonable and president needs to lead. he is the only one who can get us to a solution. if that's what he wants, we'll succeed. so it was with some concern that i read this morning that the president plans to hit the road next week to drum up support for his own personal approach to the short- and long-term fiscal challenges we face. in other words, rather than sitting down with lawmakers of both parties and working out an agreement, he's back on the campaign trail, presumably with the same old ta
as we approach the fiscal cliff, democrats are ready to make those tough choices. i hope my republican freandzs, theespecially those who claim ty put mo claim before their pledge can say the same. mr. mcconnell: mr. president? the presiding officer: the republican leader. mr. mcconnell: yesterday i came to the floor to discuss what's known as the fiscal cliff, a mix of automatic tax hikes and defense cuts that are set to hit at the end of the year jeopardizing our security as well as our...
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Nov 27, 2012
11/12
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do you believe a deal can and will be reached before this fiscal cliff? >> i do believe a deal can be reached, and the basisser that agreemenbase basis of that agreement has to be revenues and cuts. we've done a trillion dollars in cuts as part of the control act. the president has additional cuts. he's got more healthcare cuts than simpson-bowles proposed. he doesn't do it by transferring -- martha: that deal did not go through. do you expect the president will sit down with leadership this week to discuss this and take a leadership role in this fight? >> the president is taking a leadership role in this fight. i think people need to sit down as they have looked for ways to find progress. as you know the president already had the congressional leaders to the white house a little while back. people are pursuing different ideas right now to try to make -- to try and prevent us from going over the fiscal cliff, and the president has laid out a very clear map, road map for how we do that. martha: all right we walked right up to it in the grand bargain and th
do you believe a deal can and will be reached before this fiscal cliff? >> i do believe a deal can be reached, and the basisser that agreemenbase basis of that agreement has to be revenues and cuts. we've done a trillion dollars in cuts as part of the control act. the president has additional cuts. he's got more healthcare cuts than simpson-bowles proposed. he doesn't do it by transferring -- martha: that deal did not go through. do you expect the president will sit down with leadership...